VINCI - 2005 annual report

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A RESPONSIBLE GROUP / R&D AND INNOVATION R&D and innovation Innovation is the linchpin of VINCI’s sustainable development approach as it provides solutions to issues of quality, safety and environmental protection. The Group’s innovation policy combines strong impetus at corporate level with initiatives developed by the business units to provide customers and users with safer and more environmentally friendly infrastructure that will stand the test of time. More than 2,400 employees participated in the VINCI Innovation Awards Competition, submitting a total of 994 projects. 144 VINCI 2005 ANNUAL REPORT VINCI 2005 INNOVATION AWARDS COMPETITION With the aim of developing the Group’s creative potential and promoting the innovations of its employees, VINCI organises the VINCI Innovation Awards Competition every two years. This major competition is open to employees all over the world. The 2005 edition was particularly productive, with 994 projects submitted by over 2,400 employees, which is 35% more participants than the previous competition. A total of 123 regional awards were made in the fi rst phase of the competition. The 12 fi nal winners (see below) were handed their awards at a ceremony attended by more than 2,000 people at the Cité des Sciences et de l’Industrie in La Villette, Paris. To encourage employees throughout the Group to make full use of these innovations, all the projects submitted in 2005 (and those submitted in earlier competitions) are posted on the VINCI intranet. The 12 fi nal winners Grand Prize. Suspension bridge cables using Cohestrand (Kanne bridge - Belgium): an innovative process for increasing the durability of the cables supporting a suspension bridge (see p. 94). Materials Prize. An overpass superior in every way: a bridge in ultra-high performance fi bre-reinforced concrete that reinvents the prefabricated section method. Services Prize. System for measuring speed and intervehicular distances on the motorway and informing drivers: an educational way of contributing to the national road safety campaign. Processes and Techniques Prize. Floating foundations on the Monestier viaduct: a solution for building a structure on loose ground. Equipment and Tools Prize. A roller for lubricating formwork: a system that protects the environment and improves working conditions. Management Prize. Papyrus: a tablet PC equipped with software allowing the foreman to enter fi eld data directly into the centralised IT system; it also has a messaging system and gives access to the intranet (see p. 73). Sustainable Development Prize. Finished product packaging waste reduction: replacement of binder packaging by low-density polythene bags that can be recycled into the binder. Safety Prize. Safe handling of cable drums with a new transport trolley: a new trolley for easy and safe cable drum handling. Special Synergies Prize. Global management of worksite waste: Group synergies for better waste management. Special Skilled Worker Prize. Picvert-hook for handling manhole covers that can be fi tted to a pick: a hook that helps avoid accidents when removing cast iron manhole covers. Special Communication Prize. Eurovia homepage in Germany / Ongoing projects internet presence: a comprehensive description on the Web of construction works keeps customers and road users abreast of projects under way at Eurovia Deutschland. Special Ingenuity Prize. The friction wheel: a transfer system using a conveyor without telescopic arms (see p. 58).
UN GROUPE RESPONSABLE / RESPONSABILITÉ SOCIALE Top. The fi nal winners of the VINCI 2005 Innovation Awards Competition, who received their awards on 5 December 2005, with Antoine Zacharias and Xavier Huillard. Bottom left: To minimise production and management of waste, Ringway (Eurovia) uses polythene bags to package some of the binder components. The bag is fed into the tar boiler and melts along with the binder. This project was awarded the Sustainable Development Prize in the VINCI 2005 Innovation Awards Competition. Bottom right: Fruit of Freyssinet research, Cohestrand, a revolutionary adhesive - i.e. cohesive - strand that increases the durability of the cables supporting a suspension bridge. This project was awarded the Grand Prize in the VINCI 2005 Innovation Awards Competition. 145
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ANNUAL REPORT 2005
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EUROVIA VINCI CONSTRUCTION KEY 2005
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VINCI, the world’s leading integr
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VINCI gains new momentum With the A
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Corporate management structures BOA
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All business lines contributed to t
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Complementary business lines operat
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A growth course set by the concessi
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VINCI share price up 47% in 2005 In
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THE 2006 SHAREHOLDERS’ CALENDAR 1
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2005 Highlights Bernard Val, Chairm
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20 VINCI 2005 ANNUAL REPORT
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22 BUILDING AND MAKING A LONG-TERM
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KEY FIGURES In € millions and as
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VINCI CONCESSIONS WORLDWIDE EUROPE
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Top. ASF and Escota operate a netwo
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CONCESSIONS / ACTIVITÉ ASF recentl
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CONCESSIONS / BUSINESS REPORT 32 VI
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CONCESSIONS / BUSINESS REPORT Betwe
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A86 : DISCREET DOWN TO THE FINEST D
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The toll system of the future In Ma
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Top. Some 41,000 vehicles a day tra
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VINCI Park VINCI Park is present in
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44 VINCI 2005 ANNUAL REPORT and the
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Airport sector VINCI Concessions is
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CONSTRUCTION CONCESSIONS CONSTRUCTI
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ENERGY 51
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A leader in energy and information
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Top. For the Munich airport, German
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Acquisitions 16 companies acquired
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Top left. Design and implementation
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VINCI Energies at the Zénith conce
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ÉDITORIAL GRANIOU SUPPORTS NORTEL
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66 LEADER IN INFRASTRUCTURE CONSTRU
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KEY FIGURES In € millions and as
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EUROVIA / BUSINESS REPORT Brisk gro
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MATERIALS: A STRATEGIC FACILITY IN
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EUROVIA / BUSINESS REPORT NOxer ®
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Top left. Roadworks in the village
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EUROVIA / BUSINESS REPORT Design &
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CONSTRUCTION EUROVIA CONSTRUCTION E
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CONSTRUCTION 83
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French market leader and a world ma
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Above. The Granite tower under cons
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VINCI Construction Grands Projets
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ÉDITORIAL A BUILDING OF THE FUTURE
Page 97 and 98: The fl oating swimming pool To meet
Page 99 and 100: Civil engineering revenue +11.2 % S
Page 101 and 102: Top. Restructured so as to reduce t
Page 103 and 104: In the United Kingdom and Germany,
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Page 107 and 108: ÉDITORIAL Top. Standing alongside
Page 109 and 110: VINCI Immobilier will be developing
Page 111 and 112: A RESPONSIBLE GROUP 107
Page 113 and 114: Implementation of the Global Compac
Page 115 and 116: Priority areas and projects Limit t
Page 117 and 118: Commitments Guarantee the safety an
Page 119 and 120: COMBINING MOTIVATION AND SAFETY CFE
Page 121 and 122: DEVELOPING SKILLS VINCI’s trainin
Page 123 and 124: VINCI CONSTRUCTION SATISFACTION SUR
Page 125 and 126: Other social indicators A RESPONSIB
Page 127 and 128: REMUNERATION Remuneration and socia
Page 129 and 130: LEARNING TO LEARN The VINCI Foundat
Page 131 and 132: EMERGENCY AID ACTIVITIES The VINCI
Page 133 and 134: FICHE VINCI PREQUALIFICATION AND IM
Page 135 and 136: Above: Since 2005, VINCI’s approv
Page 137 and 138: A BUILDING THAT USES LESS ENERGY VI
Page 139 and 140: ISO 14001 CERTIFICATION GROWTH 2004
Page 141 and 142: IMPROVING THE ENERGY EFFICIENCY OF
Page 143 and 144: Optimising waste management VINCI c
Page 145 and 146: Above: After rehabilitation, Eurovi
Page 147: B/ NOISE POLLUTION Eurovia 2005 200
Page 151 and 152: Opinion of one of the Statutory Aud
Page 153 and 154: FINANCIAL STATEMENTS FINANCIAL STAT
Page 155 and 156: 27. Market value of fi nancial inst
Page 157 and 158: 2.1 APPOINTMENTS AND FUNCTIONS OF C
Page 159 and 160: Alain Dinin Age: 55 • 1997-2008 N
Page 161 and 162: Yves-Thibault de Silguy (suite) Wil
Page 163 and 164: The other eleven Directors are prom
Page 165 and 166: - in respect of the Company’s int
Page 167 and 168: The following table shows the Direc
Page 169 and 170: When he retired, he received €1,2
Page 171 and 172: CORPORATE GOVERNANCE Options Option
Page 173 and 174: REPORT OF THE CHAIRMAN REPORT OF TH
Page 175 and 176: 3.4. INTERNAL AUDIT The internal au
Page 177 and 178: The third step, in 2003 and 2004, i
Page 179 and 180: REPORT OF THE STATUTORY AUDITORS IN
Page 181 and 182: Outside France, VINCI Energies’ r
Page 183 and 184: 1.3 NET PROFIT Net profi t attribut
Page 185 and 186: The Group’s fi nancial structure
Page 187 and 188: 1.3 CONCESSIONS The main risks in c
Page 189 and 190: C. INSURANCE 1. GENERAL POLICY Give
Page 191 and 192: D. OTHER INFORMATION 1. INVESTMENT
Page 193 and 194: CONSOLIDATED FINANCIAL STATEMENTS C
Page 195 and 196: CONSOLIDATED FINANCIAL STATEMENTS E
Page 197 and 198: STATEMENT OF CHANGES IN CONSOLIDATE
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2.2 EARLY REDEMPTION OF THE 2002-20
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1.1 FIRST-TIME ADOPTION OF IFRS - M
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Joint venture partnerships created
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- when borrowing is not intended to
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Cash management financial assets Ca
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- Hedge of a net investment in a fo
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1.2.2 Breakdown of revenue by locat
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FY 2004 CONSOLIDATED FINANCIAL STAT
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FY 2004 CONSOLIDATED FINANCIAL STAT
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4. SEGMENT INFORMATION BY GEOGRAPHI
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5.3 SHARE-BASED PAYMENTS The expens
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The income arising in the period fr
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E. NOTES TO THE BALANCE SHEET 10. I
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12.2 IMPAIRMENT LOSSES ON OTHER NON
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CONSOLIDATED FINANCIAL STATEMENTS 1
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15. LEASED ASSETS Property, plant a
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20. CONSTRUCTION CONTRACTS 20.1 FIN
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The changes in capital in 2005 brea
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CONSOLIDATED FINANCIAL STATEMENTS I
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Changes in the period CONSOLIDATED
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24. PROVISIONS During the period, c
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By business line, the analysis of n
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. Other bonds Other bonds break dow
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d. Finance leases The table below s
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25.3.2 Cash and cash management fin
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CONSOLIDATED FINANCIAL STATEMENTS T
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Based on this position, a 1% increa
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26.3.3 Analysis of other foreign cu
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28. TRANSACTIONS WITH RELATED PARTI
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The maturities of contractual oblig
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31. REMUNERATION AND RELATED BENEFI
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promissory notes issued by Intertou
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CONSOLIDATED FINANCIAL STATEMENTS I
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(h) Reclassification under operatin
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1.5 SUMMARIES OF IMPACTS OF RESTATE
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2.3.2 Goodwill CONSOLIDATED FINANCI
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2.3.6 Fair value of derivatives CON
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2.4 RECONCILIATION OF BALANCE SHEET
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2.4.6 Trade and other current payab
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K. MAIN CONSOLIDATED COMPANIES AT 3
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CONSOLIDATED FINANCIAL STATEMENTS C
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CONSOLIDATED FINANCIAL STATEMENTS R
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1.3 OTHER FINANCIAL TRANSACTIONS Th
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3.2 EQUITY PARENT COMPANY FINANCIAL
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5. NET FINANCIAL DEBT The holding c
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PARENT COMPANY FINANCIAL STATEMENTS
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Meeting are determined by the Share
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3. INFORMATION ON VINCI’S SHARE C
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3.3 BREAKDOWN OF SHARE CAPITAL AND
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3.5 THE VINCI SHARE AND THE STOCK M
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3. FEES OF THE STATUTORY AUDITORS P
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9. Operating and fi nancial review
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In accordance with Article 212-13 o
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